Global Healthcare Robotics Market

Global Healthcare Robotics Market: Focus on Product Type, Application Type, 23 Countries Data, and Competitive Landscape Analysis and Forecast: (2018-2023)

The global healthcare robotics market was estimated at $5.40 billion in 2017 and is anticipated to reach $11.44 billion by 2023.

SKU: BH090A
Published Year: 2019
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There are different types of healthcare robots that have emerged over a period of time which includes, surgical robots, rehabilitation robots, diagnosis robots, and radiotherapy robots.  The surgical segment accounted for the highest share of the market in the year 2017 due to higher adoption rate across various hospitals, recurrent sales of accessories of these systems, and huge demand for highly efficient replaceable components. The overall enhancement in patient outcomes has a positive impact on the growth and adoption rate of the surgical robotics technology. Rehabilitation robots includes robots for providing assistance and therapy to the patients in their daily living tasks and to the patients suffering from stroke or as disable. The recent scenario involves robots that are used for diagnosis through endoscopy procedures. Radiotherapy robots are costly due to their non-invasive surgical procedure used for the treatment of chronic diseases such as, cancer. The scope of advancements in healthcare robots is very wide due to its high potential in the treatment and faster recovery of the patients. Thus, providing physicians and surgeons with the wider interface and platform for better decision making at the time of procedures and treatment.

The market analysis of global healthcare robotics includes an in-depth examination of the key ecosystem players, and the key strategies and developments taking place in this market. Additionally, it includes market dynamics (market drivers, opportunities, and challenges), and industry analysis. Presently, the healthcare robotics market can be categorized into four major types of robots that are commercially available. It includes surgical robotics, rehabilitation robotics, diagnostic robots, and radiotherapy robotics.  Considerable number of other healthcare robots are presently in the pipeline, that are expected to be commercialized in the upcoming years. The global healthcare robotic market is divided on the basis of product type which includes, robotic systems, instruments and accessories, and services. Based on surgical robot’s application, the healthcare robotics market can further be sub-segmented into categories which includes, General Surgery, Gynecology Surgery, Urology Surgery, Orthopedic Surgery, Neurological Surgery, Transoral Surgery, and Others. The rehabilitation robotics is also further sub-segmented into assistive, therapeutic, and exoskeleton and bionics. Geographically, the market can be segmented into five distinct regions including North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.

The purpose of the study is to gain a holistic view of the global healthcare robotics market in terms of various factors influencing it such as key market trends, competitive and regulatory aspects of the market, and scientific innovations into robotics fields, etc. The scope of the report is centered upon conducting a detailed study of the solutions allied with the global healthcare robotics market, which involves different types of healthcare robots. The global healthcare robotics market is segmented into three different parts: product type, application, and region. The report offers the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering the market.

This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The study considers the growth-share matrix model for a comprehensive study of the global healthcare robotics market, and assesses the factors governing the same. Opportunity matrix and detailed product mapping have been included in the report. The market by region has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place, have been discussed.

The answers to the following key questions can be derived from this report:

•    What are the key features of the healthcare robotic technology promoting its incorporation in different applications? 
•    What is the impact of requirement of skilled professional?
•    What would be the future of disruptive robotic technology in the market?
•    What is the scenario for established and non-established players? 
•    What are key advantages of the robotic-assisted surgical procedure over conventional surgical procedure?
•     How did the healthcare robotic market evolve and what is its scope in the future? 
•    What are the major market drivers, challenges, and opportunities in the global healthcare robotics market? 
•    What are the key developmental strategies which are implemented by the key players to stand out in this market? 
•    What are the leading companies dominating the global healthcare robotics market?
•    Which surgical robotics application market would witness massive incorporation of the healthcare robotics in the forecast period? 
•    What are investors’ perceptions about the global healthcare robotics market? Also, who are leading stakeholders of the market holding significant share in market’s intellectual property?
•    What are the key companies which made substantial investments to aid technological advancements in the market?
•    What are the regulations pertaining to the global healthcare robotics market? What are initiatives implemented by different government bodies to combat the growing prevalence of different types of diseases? 
•    What was the market value of the leading segments and sub-segments of the global healthcare robotics market?
•    How will each segment of the global healthcare robotics market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2023? 
•    How will the industry evolve during the forecast period 2018-2023?
•    Which region will contribute to the highest sales of the global healthcare robotics market during the forecast period?

The key players that have been contributing significantly into the global healthcare robotics market include Intuitive Surgical Inc., Varian Medical System, Medtronic plc, Stryker Corporation, Accuray Incorporated, Smith & Nephew plc, Restoration Robotics, ReWalk Robotics, and Mazor Robotics, among others

    Executive Summary
    1    Overview
          1.1    Advent of Healthcare Robotics
          1.2    Factors Driving Acceptance of the Healthcare Robotic Systems
          1.3    Challenges of Healthcare Robotic Systems
          1.4    Advantages of Robotics Surgery
          1.5    Future Potential: Scope for Advancements
                   1.5.1    Haptic Technology to Reshape Healthcare Robotics Market
 
    2    Market Dynamics
          2.1    Impact Analysis
          2.2    Market Drivers
                   2.2.1    Growing Prominence for Minimal Invasive Surgery
                   2.2.2    Successful Incorporation of Miniature Robots for Diagnosis
                   2.2.3    Encouragement & Funding Provided by National Government
                   2.2.4    Rising Instances of Strokes and Injuries
          2.3    Market Restraints
                   2.3.1    Shortage of Skilled Professionals
                   2.3.2    High Cost of Robotic Platforms
                   2.3.3    Reimbursement Issue
          2.4    Market Opportunity
                   2.4.1    Development of the Low-Cost Healthcare Robotic Systems
                   2.4.2    Artificial Intelligence (AI) in the Healthcare Robotics
                   2.4.3    Development of Simulators for the Training of Professionals
                   2.4.4    Development of Micro and Nano-Robots for Surgeries
                   2.4.5    Increasing Adoption of Robotics Technology to Treat Cancer and Benign Brain Tumors
                   2.4.6    Robotic Capsules for Diagnosis
 
    3    Competitive Landscape
          3.1    Key Strategies and Developments
                   3.1.1    Approvals, Grants, and Certifications
                   3.1.2    Awards, Recognitions, and Others
                   3.1.3    Collaborations, Agreement, Joint Ventures, and Partnership
                   3.1.4    Product Launch and Enhancements
                   3.1.5    Mergers and Acquisition
          3.2    Market Share Analysis
          3.3    Brand Value Analysis
          3.4    Growth Share Analysis
                   3.4.1    Growth Share Matrix (by Application)
                   3.4.2    Growth Share Matrix (by Surgical Applications)
                   3.4.3    Growth Share Matrix (by Region)
          3.5    Surgical Robots Market Scenario: Established Players Vs Non-Established Players
          3.6    Industry Attractiveness
                   3.6.1    Bargaining Power of Suppliers
                   3.6.2    Bargaining Power of Buyers
                   3.6.3    Threat of New Entrants
                   3.6.4    Threat of Substitutes
                   3.6.5    Intensity of Competitive Rivalry
 
    4    Industry Insights
          4.1    Legal Requirements and Regulations
                   4.1.1    Regulations in the U.S.
                   4.1.2    Regulations in Europe
                   4.1.3    Regulations in other Countries
                   4.1.4    Consortiums, Associations, and Regulatory Bodies
 
    5    Global Healthcare Robotics Market (by Product)
          5.1    Robotic Systems
          5.2    Instruments and Accessories
          5.3    Services
 
    6    Global Healthcare Robotics Market (by Application)
          6.1    Surgical Robotics
                   6.1.1    General Surgery
                   6.1.2    Gynecology Surgery
                   6.1.3    Urology Surgery
                   6.1.4    Orthopedic Surgery
                   6.1.5    Neurological Surgery
                   6.1.6    Transoral Surgery
                   6.1.7    Others
          6.2    Radiotherapy Robotics
          6.3    Diagnostic Robotics
          6.4    Rehabilitation Robotics
                   6.4.1    Therapeutic
                   6.4.2    Assistive
                   6.4.3    Exoskeleton and Bionics
 
    7    Global Healthcare Robotics Market (by Region)
          7.1    North America
                   7.1.1    The U.S.
                   7.1.2    Canada
          7.2    Europe
                   7.2.1    Germany
                   7.2.2    France
                   7.2.3    The U.K.
                   7.2.4    Italy
                   7.2.5    Spain
                   7.2.6    Belgium
                   7.2.7    Sweden
                   7.2.8    The Netherlands
                   7.2.9    Switzerland
                   7.2.10   Rest-of-Europe
          7.3    Asia-Pacific
                   7.3.1    Japan
                   7.3.2    China
                   7.3.3    Australia
                   7.3.4    South Korea
                   7.3.5    India
                   7.3.6    Singapore
                   7.3.7    Rest-of-Asia-Pacific
           7.4    Latin America
                    7.4.1    Brazil
                    7.4.2    Mexico
                    7.4.3    Argentina
                    7.4.4    Rest-of-Latin America
           7.5    Middle East and Africa
                    7.5.1    Saudi Arabia
                    7.5.2    Israel
                    7.5.3    U.A.E
                    7.5.4    Rest-of-Middle East and Africa
 
    8    Company Profile
          8.1    Accuray Incorporated
                   8.1.1    Company Overview
                   8.1.2    Role of Accuray Incorporated in the Global Healthcare Robotics Market
                   8.1.3    Financials
                               8.1.3.1    Key Insights on the Financial Health of the Company
                   8.1.4    SWOT Analysis
          8.2    Auris Health, Inc.
                   8.2.1    Company Overview
                   8.2.2    Role of Auris Health, Inc. in Global Healthcare Robotics Market
                   8.2.3    SWOT Analysis
          8.3    Corindus Vascular Robotics, Inc.
                   8.3.1    Company Overview
                   8.3.2    Role of Corindus Vascular Robotics, Inc. in Global Healthcare Robotics Market
                   8.3.3    Financials
                               8.3.3.1    Key Insights on the Financial Health of the Company
                   8.3.4    SWOT Analysis
          8.4    Endomaster Pte Ltd.
                   8.4.1    Company Overview
                   8.4.2    Role of Endomaster Pte Ltd. in the Global Healthcare Robotics Market
                   8.4.3    SWOT Analysis
          8.5    FUJIFILM Holdings Corporation
                   8.5.1    Company Overview
                   8.5.2    Role of FUJIFILM Holdings Corporation in the Healthcare Robotics Market
                   8.5.3    Financials
                   8.5.4    Key Insights about Financial Health of the Company
                   8.5.5    SWOT Analysis
          8.6    Hocoma AG.
                   8.6.1    Company Overview
                   8.6.2    Role of Hocoma AG in the Global Healthcare Robotics Market
                   8.6.3    SWOT Analysis
          8.7    Intuitive Surgical, Inc.
                   8.7.1    Company Overview
                   8.7.2    Role of Intuitive Surgical, Inc. in the Global Healthcare Robotics Market
                   8.7.3    Financials
                               8.7.3.1    Key Insights on the Financial Health of the Company
                   8.7.4    SWOT Analysis
          8.8    Medtronic plc
                   8.8.1    Company Overview
                   8.8.2    Role of Medtronic plc in the Healthcare Robotics Market
                   8.8.3    Financials
                               8.8.3.1    Key Insights about Financial Health of the Company
                   8.8.4    SWOT Analysis
          8.9    Restorative Therapies.
                   8.9.1    Company Overview
                   8.9.2    Role of Restorative Therapies in the Global Healthcare Robotics Market
                   8.9.3    SWOT Analysis
         8.10   ReWalk Robotics Ltd.
                   8.10.1    Company Overview
                   8.10.2    Role of ReWalk Robotics Ltd. in the Global Healthcare Robotics Market
                   8.10.3    Financials
                                 8.10.3.1    Key Insights on the Financial Health of the Company
                   8.10.4    SWOT Analysis
         8.11   Smith & Nephew plc
                   8.11.1    Company Overview
                   8.11.2    Role of Smith & Nephew plc in the Global Healthcare Robotics Market
                   8.11.3    Financials
                                 8.11.3.1    Key Insights on the Financial Health of the Company
                   8.11.4    SWOT Analysis
         8.12   Stereotaxis, Inc.
                   8.12.1    Company Overview
                   8.12.2    Role of Stereotaxis, Inc. in the Global Healthcare Robotics Market
                   8.12.3    Financials
                                 8.12.3.1    Key Insights on the Financial Health of the Company
                   8.12.4    SWOT Analysis
         8.13   Stryker Corporation
                   8.13.1    Company Overview
                   8.13.2    Role of Stryker Corporation in Global Healthcare Robotics Market
                   8.13.3    Financials
                                 8.13.3.1    Key Insights on the Financial Health of the Company
                   8.13.4    SWOT Analysis
         8.14   Think Surgical, Inc.
                    8.14.1    Company Overview
                    8.14.2    Role of Think Surgical, Inc. in the Global Healthcare Robotics Market
                    8.14.3    SWOT Analysis
          8.15   Tyromotion GmbH.
                    8.15.1    Company Overview
                    8.15.2    Role of Tyromotion GmbH in the Global Healthcare Robotics Market
                    8.15.3    SWOT Analysis
          8.16   Zimmer Biomet Holdings, Inc.
                    8.16.1    Company Overview
                    8.16.2    Role of Zimmer Biomet Holdings, Inc. in the Global Healthcare Robotics Market
                    8.16.3    Financials
                                  8.16.3.1    Key Insights on the Financial Health of the Company
                    8.16.4    SWOT Analysis
 
    9    Research Scope and Methodology
          9.1    Report Scope
          9.2    Global Healthcare Robotics Market: Research Methodology

 

List of Tables

Table 1:    Deaths Incurred Due to Medical Adverse Events, 2016 and 2017
Table 2.1:    Market Drivers
Table 2.2:    Market Restrains
Table 4.1:    List of Association/Consortium/Regulatory Bodies with Year of Establishment, and Region

List of Figures

Figure 1:    The U.S.: Percentage of Payment Due to Type of Malpractice Allegation, 2017
Figure 2:    Severity of Outcome: Adverse Events of Medical Treatment in the U.S., 2017
Figure 3:    Global Incidence of Adverse Events Due to Medical Treatment, 2010-2017
Figure 4:    Impact Analysis of Market Drivers and Market Restraints, 2018-2023
Figure 5:    Share of Key Developments and Strategies, January 2014-November 2018
Figure 6:    Market Statistics
Figure 7:    Global Healthcare Robotics Market, 2017-2023
Figure 8:    Global Healthcare Robotics Market (by Application), 2017-2023
Figure 9:    Global Healthcare Robotics Market (by Region), 2017-2023
Figure 1.1:    Different Types of Healthcare Robotic Systems
Figure 1.2:    Evolution of Surgical Robotic Technology
Figure 1.3:    Evolution of Rehabilitation Robots
Figure 3.1:    Competitive Landscape
Figure 3.2:    Share of Key Developments and Strategies, January 2014-November 2018
Figure 3.3:    Approvals, Grants, and Certification Share (by Company), January 2014-November 2018
Figure 3.4:    Awards, Recognitions, and Others Share (by Company),  January 2014-November 2018
Figure 3.5:    Collaborations, Agreement, Joint Ventures, and Partnership Share (by Companies), January 2014-November 2018
Figure 3.6:    Product Launch and Enhancements Share (by Companies), January 2014-November 2018
Figure 3.7:    Mergers and Acquisitions Share (by Companies), January 2014-November 2018
Figure 3.8:    Market Share Analysis: Global Healthcare Robotics Market, 2017
Figure 3.9:    Market Share Analysis: Global Healthcare Robotics Market, 2016
Figure 3.10:    Brand Value Analysis for Global Healthcare Robotics Market (by Company), 2018-2023
Figure 3.11:    Growth Share Matrix for Global Healthcare Robotics Market (by Type), 2018-2023
Figure 3.12:    Growth Share Matrix for Global Healthcare Robotics Market (by Surgical Robotics), 2017-2023
Figure 3.13:    Growth Share Matrix for Global Healthcare Robotics Market (by Region),  2017-2023
Figure 3.14:    Current Business Models in Use: Established Surgical Robotics Players
Figure 3.15:    Current Business Models in Use: Emerging Surgical Robotics Players
Figure 3.16:    Porter’s Five Force Analysis
Figure 3.17:    Bargaining Power of Suppliers: Overall Impact
Figure 3.18:    Bargaining Power of Buyers: Overall Impact
Figure 3.19:    Threat of New Entrants: Overall Impact
Figure 3.20:    Threat of Substitutes: Overall Impact
Figure 3.21:    Intensity of Competitive Rivalry: Overall Impact
Figure 5.1:    Global Healthcare Robotics Market (by Product)
Figure 5.2:    Global Healthcare Robotics Market (by Product), 2017-2023
Figure 5.3:    Global Healthcare Robotic Systems (by Robotic Systems), 2017-2023
Figure 5.4:    Global Healthcare Robotics Market (by Instruments and Accessories), 2017-2023
Figure 5.5:    Global Healthcare Robotics Market (by Service), 2017-2023
Figure 6.1:    Global Healthcare Robotics Market (by Application), 2017-2023
Figure 6.2:    Global Surgical Robotics Market Share (by Company), 2016 and 2017
Figure 6.3:    Global Healthcare Robotics Market (by Surgical Robotics), 2017-2023
Figure 6.4:    Global Healthcare Robotics Market (by Surgical Application)
Figure 6.5:    Global Healthcare Robotics Market (by Surgical Application), 2017-2023
Figure 6.6:    Global Healthcare Robotics Market (by General Surgery), 2017-2023
Figure 6.7:    Global Healthcare Robotics Market (by Gynecology Surgery), 2017-2023
Figure 6.8:    Global Healthcare Robotics Market (by Urology Surgery), 2017-2023
Figure 6.9:    Global Healthcare Robotics Market (by Orthopaedic Surgery), 2017-2023
Figure 6.10:    Global Healthcare Robotics Market (by Neurological Surgery), 2017-2023
Figure 6.11:    Global Healthcare Robotics Market (by Transoral Surgery), 2017-2023
Figure 6.12:    Global Healthcare Robotics Market (by Others), 2017-2023
Figure 6.13:    Healthcare Robotics Market (by Radiotherapy Robotics), 2017-2023
Figure 6.14:    Global Healthcare Robotics Market (by Diagnostic Robotics), 2017-2023
Figure 6.15:    Global Rehabilitation Robotics Market Share (by Company), 2016 and 2017
Figure 6.16:    Healthcare Robotics Market (by Rehabilitation Robotics), 2017-2023
Figure 6.17:    Global Healthcare Robotics Market (by Rehabilitation Application)
Figure 6.18:    Global Healthcare Robotics Market (by Rehabilitation Application), 2017-2023
Figure 6.19:    Rehabilitation Robotics Market (by Therapeutic), 2017-2023
Figure 6.20:    Global Rehabilitation Robotics Market (by Assistive), 2017-2023
Figure 6.21:    Global Rehabilitation Robotics Market (by Exoskeleton and Bionics), 2017-2023
Figure 7.1:    Global Healthcare Robotics Market Scenario, 2017 and 2023
Figure 7.2:    Global Healthcare Robotics Market Share (by Region), 2017 and 2023
Figure 7.3:    North America: Healthcare Robotics Market, (2017-2023)
Figure 7.4:    North America: Market Dynamics
Figure 7.5:    North America: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.6:    The U.S.: Healthcare Robotics Market, 2017-2023
Figure 7.7:    Canada: Healthcare Robotics Market, 2017-2023
Figure 7.8:    Europe: Healthcare Robotics Market, (2017-2023)
Figure 7.9:    Europe: Market Dynamics
Figure 7.10:    Europe: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.11:    Germany: Healthcare Robotics Market, 2017-2023
Figure 7.12:    France: Healthcare Robotics Market, 2017-2023
Figure 7.13:    The U.K.: Healthcare Robotics Market, 2017-2023
Figure 7.14:    Italy: Healthcare Robotics Market, 2017-2023
Figure 7.15:    Spain: Healthcare Robotics Market, 2017-2023
Figure 7.16:    Belgium: Healthcare Robotics Market, 2017-2023
Figure 7.17:    Sweden: Healthcare Robotics Market, 2017-2023
Figure 7.18:    The Netherlands: Healthcare Robotics Market, 2017-2023
Figure 7.19:    Switzerland: Healthcare Robotics Market, 2017-2023
Figure 7.20:    Rest-of-Europe: Healthcare Robotics Market, 2017-2023
Figure 7.21:    Asia-Pacific: Healthcare Robotics Market, 2017-2023
Figure 7.22:    Asia-Pacific: Market Dynamics
Figure 7.23:    Asia-Pacific: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.24:    Japan: Healthcare Robotics Market, 2017-2023
Figure 7.25:    China: Healthcare Robotics Market, 2017-2023
Figure 7.26:    Australia: Healthcare Robotics Market, 2017-2023
Figure 7.27:    South Korea: Healthcare Robotics Market, 2017-2023
Figure 7.28:    India: Healthcare Robotics Market, 2017-2023
Figure 7.29:    Singapore: Healthcare Robotics Market, 2017-2023
Figure 7.30:    Rest-of-Asia-Pacific-: Healthcare Robotics Market, 2017-2023
Figure 7.31:    Latin America: Healthcare Robotics Market, (2017-2023)
Figure 7.32:    Latin America: Market Dynamics
Figure 7.33:    Latin America: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.34:    Brazil: Healthcare Robotics Market, 2017-2023
Figure 7.35:    Mexico: Healthcare Robotics Market, 2017-2023
Figure 7.36:    Argentina: Healthcare Robotics Market, 2017-2023
Figure 7.37:    Rest-of-Latin America: Healthcare Robotics Market, 2017-2023
Figure 7.38:    Middle East and Africa: Healthcare Robotics Market, (2017-2023)
Figure 7.39:    Middle East and Africa: Market Dynamics
Figure 7.40:    Middle East and Africa: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.41:    Saudi Arabia: Healthcare Robotics Market, 2017-2023
Figure 7.42:    Israel: Healthcare Robotics Market, 2017-2023
Figure 7.43:    U.A.E: Healthcare Robotics Market, 2017-2023
Figure 7.44:    Rest-of-Middle East and Africa: Healthcare Robotics Market, 2017-2023
Figure 8.1:    Shares of Key Company Profiles
Figure.8.2:    Accuray Incorporated: Product Offerings for Global Healthcare Robotics Market
Figure 8.3:    Accuray Incorporated: Overall Financials, 2016-2018
Figure 8.4:    Accuray Incorporated: Net Revenue (by Region), 2016-2018
Figure.8.5:    Accuray Incorporated: R& D Expense, 2016-2018
Figure 8.6:    Auris Health, Inc.: Product Offerings for Global Healthcare Robotics Market
Figure.8.7:    Corindus Vascular Robotics, Inc.: Product Offerings for Global Healthcare Robotics Market
Figure.8.8:    Corindus Vascular Robotics, Inc.: Overall Financials, 2015-2017
Figure.8.9:    Corindus Vascular Robotics, Inc.: Net Revenue (by Region), 2015-2017
Figure.8.10:   Corindus Vascular Robotics, Inc.: R& D Expense, 2015-2017    
Figure.8.11:   Endomaster Pte Ltd.: Product Offerings for Global Healthcare Robotics Market    
Figure 8.12:   FUJIFILM Holdings Corporation: Overall Product Portfolio    
Figure 8.13:   FUJIFILM Holdings Corporation: Overall Financials, 2015-2017    
Figure 8.14:   FUJIFILM Holdings Corporation: Revenue (by Segment), 2015-2017    
Figure 8.15:   FUJIFILM Holdings Corporation: Revenue (by Region), 2015-2017    
Figure 8.16:   FUJIFILM Holdings Corporation: R&D Expenditure, 2015-2017    
Figure 8.17:   FUJIFILM Holdings Corporation: SWOT Analysis    
Figure.8.18:   Hocoma AG.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.19:   Intuitive Surgical, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.20:   Intuitive Surgical, Inc.: Overall Financials, 2015-2017    
Figure.8.21:   Intuitive Surgical, Inc.: Net Revenue (by Region), 2015-2017    
Figure.8.22:   Intuitive Surgical, Inc.: R& D Expense, 2015-2017    
Figure.8.23:   Medtronic plc: Product Portfolio for Healthcare Robotics Market    
Figure.8.24:   Medtronic plc: Overall Financials, 2016-2018    
Figure 8.25:   Medtronic plc: Revenue (by Segment), 2016-2018    
Figure 8.26:   Medtronic plc: Revenue (by Region), 2016-2018    
Figure.8.27:   Medtronic plc: R&D Expenditure    
Figure.8.28:   Medtronic plc: SWOT Analysis    
Figure.8.29:   Restorative Therapies: Product Offerings for Global Healthcare Robotics Market    
Figure.8.30:   ReWalk Robotics Ltd.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.31:   ReWalk Robotics Ltd..: Overall Financials, 2015-2017    
Figure.8.32:   ReWalk Robotics Ltd.: Net Revenue (by Region), 2015-2017    
Figure.8.33:   ReWalk Robotics Ltd.: R& D Expense, 2015-2017    
Figure.8.34:   Smith & Nephew plc: Product Offerings for Global Healthcare Robotics Market    
Figure.8.35:   Smith & Nephew plc: Overall Financials, 2015-2017    
Figure.8.36:   Smiths & Nephew plc: Net Revenue (by Business Segment), 2015-2017    
Figure.8.37:   Smiths & Nephew plc: Net Revenue (by Region), 2015-2017    
Figure.8.38:   Smith & Nephew plc: R& D Expense, 2015-2017    
Figure.8.39:   Stereotaxis, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.40:   Stereotaxis, Inc.: Overall Financials, 2015-2017    
Figure.8.41:   Stereotaxis, Inc.: Net Revenue (by Region), 2015-2017    
Figure.8.42:   Stereotaxis, Inc.: R& D Expense, 2015-2017    
Figure.8.43:   Stryker Corporation: Product Offerings for Global Healthcare Robotics Market    
Figure.8.44:   Stryker Corporation: Overall Financials, 2015-2017    
Figure.8.45:   Stryker Corporation: Net Revenue (by Business Segment), 2015-2017    
Figure.8.46:   Stryker Corporation: Net Revenue (by Region), 2015-2017    
Figure.8.47:   Stryker Corporation: R& D Expense, 2015-2017    
Figure.8.48:   Think Surgical, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.49:   Tyromotion GmbH: Product Offerings for Global Healthcare Robotics Market    
Figure.8.50:   Zimmer Biomet Holdings, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.51:   Zimmer Biomet Holdings, Inc.: Overall Financials, 2015-2017    
Figure.8.52:   Zimmer Biomet Holdings, Inc.: Net Revenue (by Business Segment), 2015-2017    
Figure.8.53:   Zimmer Biomet Holdings, Inc.: Net Revenue (by Region), 2015-2017    
Figure.8.54:   Zimmer Biomet Holdings, Inc.: R& D Expense, 2015-2017    
Figure 9.1:    Global Healthcare Robotics Segmentation
Figure 9.2:    Global Healthcare Robotics Market Research Methodology
Figure 9.3:    Primary Research
Figure 9.4:    Secondary Research
Figure 9.5:    Data Triangulation
Figure 9.6:    Bottom-up Approach (Segment-wise Analysis)
Figure 9.7:    Top-down Approach (Segment-wise Analysis)
Figure 9.8:    Assumptions and Limitations
Figure 9.9:    Considered Factors for Data Prediction and Modelling

Medical errors or adverse effects due to medical treatments are the third leading cause of death in the U.S.  Given the fact that in the year 2017, the payouts for medical malpractices in the U.S., was valued $3.9 billion. Further, the chief medical procedures such as diagnosis and surgery were noticed to witness the high number of instances for medical errors. In the year 2017, the medical payouts for medical errors pertaining to diagnosis and surgery together were attributed to 58% of total medical payouts in the U.S.  Global incidence of adverse effects due to medical treatments was 34.9 million in the year 2017. The annual incidence of adverse effect due to medical treatment witnessed a compound annual growth of 3.46% from the year 2010 to 2017. Acknowledging the alarming growth trend in the incidence of medical errors, several international organizations such as World Health Organization (WHO) and prominent regulatory bodies such as Food and Drug Administration (FDA) rolled-out stringent regulations and a comprehensive set of guidelines for ensuring patient safety and treatment efficiency. However, despite the strenuous efforts of several governmental bodies, the distressing trend of incidence of medical errors haven’t been controlled to the expected levels. The current scenario signifies the requirement of the automated system to assist physicians in complicated medical procedures such as diagnosis, surgery, and monitoring, among others.

The technological advancements in the field of mechatronics, sensor technologies, simulation methodologies, and advanced materials have resulted in the development of robotic systems to aid physicians in complex medical procedures such as surgery, diagnosis, and treatment. The advent of robotic systems and massive-scale incorporation by physicians are perceived to be driving the paradigm shift in the healthcare industry.  Enabling physicians to precisely control the outcomes of the medical procedure, the incorporation of robotics systems is acknowledged to be a promising approach to reduce the startling incidence of medical errors globally. The colossal success of surgical robotics systems has significantly expanded the scope of application of automated systems in several other medical procedures such as diagnosis, treatment, rehabilitation, and patient assistance, among others.

The purpose of the study is to gain a holistic view of the global healthcare robotics market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the devices allied with the healthcare robotics market including both commercialized products as well as products that are in the pipeline. The global healthcare robotics market is segmented into three different parts: product type, application, and region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation.

The global healthcare robotics market was estimated at $5.40 billion in 2017 and is anticipated to reach $11.44 billion by 2023. Among the different healthcare robots available in the market, surgical robotics contributed to the highest market share of the global healthcare robotics market in 2017. However, rehabilitation robotics is expected to witness the highest CAGR during the forecast period between 2018 and 2023. The increased adoption of prosthetics by the patients with lost limbs attributes to the highest CAGR displayed by the rehabilitation robotics market. Based on product, instruments and accessories occupied higher market share as compared to robotics systems, whereas robotic systems demonstrated the potential to register higher growth rate than instruments and accessories.

The global healthcare robotics market is segmented by the geographical regions into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa Rest-of-the-World (RoW). The RoW regions comprises Latin America and Middle East and Africa. North America is the leading contributor to the global healthcare robotics market with a contribution of more than 65% total healthcare robotics market share in 2017. The North America market is also expected to grow at a CAGR of 11.77% in the forecast period 2018-2023. The global healthcare robotics market is majorly dominated by the U.S. and the European players. However, several emerging countries of Asia-Pacific and Latin America displayed high potential to witness robust growth rate during the period. The U.S.-based company, Intuitive Surgical Inc. offering surgical robots contributed more than 57% of the market value in 2017.

The key players who have significant contributions to the global healthcare robotics market are Intuitive Surgical Inc., Varian Medical System, Medtronic plc, Stryker Corporation, Accuray Incorporated, Smith & Nephew plc, Restoration Robotics, ReWalk Robotics, and Mazor Robotics, among others.

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There are different types of healthcare robots that have emerged over a period of time which includes, surgical robots, rehabilitation robots, diagnosis robots, and radiotherapy robots.  The surgical segment accounted for the highest share of the market in the year 2017 due to higher adoption rate across various hospitals, recurrent sales of accessories of these systems, and huge demand for highly efficient replaceable components. The overall enhancement in patient outcomes has a positive impact on the growth and adoption rate of the surgical robotics technology. Rehabilitation robots includes robots for providing assistance and therapy to the patients in their daily living tasks and to the patients suffering from stroke or as disable. The recent scenario involves robots that are used for diagnosis through endoscopy procedures. Radiotherapy robots are costly due to their non-invasive surgical procedure used for the treatment of chronic diseases such as, cancer. The scope of advancements in healthcare robots is very wide due to its high potential in the treatment and faster recovery of the patients. Thus, providing physicians and surgeons with the wider interface and platform for better decision making at the time of procedures and treatment.

The market analysis of global healthcare robotics includes an in-depth examination of the key ecosystem players, and the key strategies and developments taking place in this market. Additionally, it includes market dynamics (market drivers, opportunities, and challenges), and industry analysis. Presently, the healthcare robotics market can be categorized into four major types of robots that are commercially available. It includes surgical robotics, rehabilitation robotics, diagnostic robots, and radiotherapy robotics.  Considerable number of other healthcare robots are presently in the pipeline, that are expected to be commercialized in the upcoming years. The global healthcare robotic market is divided on the basis of product type which includes, robotic systems, instruments and accessories, and services. Based on surgical robot’s application, the healthcare robotics market can further be sub-segmented into categories which includes, General Surgery, Gynecology Surgery, Urology Surgery, Orthopedic Surgery, Neurological Surgery, Transoral Surgery, and Others. The rehabilitation robotics is also further sub-segmented into assistive, therapeutic, and exoskeleton and bionics. Geographically, the market can be segmented into five distinct regions including North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.

The purpose of the study is to gain a holistic view of the global healthcare robotics market in terms of various factors influencing it such as key market trends, competitive and regulatory aspects of the market, and scientific innovations into robotics fields, etc. The scope of the report is centered upon conducting a detailed study of the solutions allied with the global healthcare robotics market, which involves different types of healthcare robots. The global healthcare robotics market is segmented into three different parts: product type, application, and region. The report offers the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering the market.

This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The study considers the growth-share matrix model for a comprehensive study of the global healthcare robotics market, and assesses the factors governing the same. Opportunity matrix and detailed product mapping have been included in the report. The market by region has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place, have been discussed.

The answers to the following key questions can be derived from this report:

•    What are the key features of the healthcare robotic technology promoting its incorporation in different applications? 
•    What is the impact of requirement of skilled professional?
•    What would be the future of disruptive robotic technology in the market?
•    What is the scenario for established and non-established players? 
•    What are key advantages of the robotic-assisted surgical procedure over conventional surgical procedure?
•     How did the healthcare robotic market evolve and what is its scope in the future? 
•    What are the major market drivers, challenges, and opportunities in the global healthcare robotics market? 
•    What are the key developmental strategies which are implemented by the key players to stand out in this market? 
•    What are the leading companies dominating the global healthcare robotics market?
•    Which surgical robotics application market would witness massive incorporation of the healthcare robotics in the forecast period? 
•    What are investors’ perceptions about the global healthcare robotics market? Also, who are leading stakeholders of the market holding significant share in market’s intellectual property?
•    What are the key companies which made substantial investments to aid technological advancements in the market?
•    What are the regulations pertaining to the global healthcare robotics market? What are initiatives implemented by different government bodies to combat the growing prevalence of different types of diseases? 
•    What was the market value of the leading segments and sub-segments of the global healthcare robotics market?
•    How will each segment of the global healthcare robotics market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2023? 
•    How will the industry evolve during the forecast period 2018-2023?
•    Which region will contribute to the highest sales of the global healthcare robotics market during the forecast period?

The key players that have been contributing significantly into the global healthcare robotics market include Intuitive Surgical Inc., Varian Medical System, Medtronic plc, Stryker Corporation, Accuray Incorporated, Smith & Nephew plc, Restoration Robotics, ReWalk Robotics, and Mazor Robotics, among others

    Executive Summary
    1    Overview
          1.1    Advent of Healthcare Robotics
          1.2    Factors Driving Acceptance of the Healthcare Robotic Systems
          1.3    Challenges of Healthcare Robotic Systems
          1.4    Advantages of Robotics Surgery
          1.5    Future Potential: Scope for Advancements
                   1.5.1    Haptic Technology to Reshape Healthcare Robotics Market
 
    2    Market Dynamics
          2.1    Impact Analysis
          2.2    Market Drivers
                   2.2.1    Growing Prominence for Minimal Invasive Surgery
                   2.2.2    Successful Incorporation of Miniature Robots for Diagnosis
                   2.2.3    Encouragement & Funding Provided by National Government
                   2.2.4    Rising Instances of Strokes and Injuries
          2.3    Market Restraints
                   2.3.1    Shortage of Skilled Professionals
                   2.3.2    High Cost of Robotic Platforms
                   2.3.3    Reimbursement Issue
          2.4    Market Opportunity
                   2.4.1    Development of the Low-Cost Healthcare Robotic Systems
                   2.4.2    Artificial Intelligence (AI) in the Healthcare Robotics
                   2.4.3    Development of Simulators for the Training of Professionals
                   2.4.4    Development of Micro and Nano-Robots for Surgeries
                   2.4.5    Increasing Adoption of Robotics Technology to Treat Cancer and Benign Brain Tumors
                   2.4.6    Robotic Capsules for Diagnosis
 
    3    Competitive Landscape
          3.1    Key Strategies and Developments
                   3.1.1    Approvals, Grants, and Certifications
                   3.1.2    Awards, Recognitions, and Others
                   3.1.3    Collaborations, Agreement, Joint Ventures, and Partnership
                   3.1.4    Product Launch and Enhancements
                   3.1.5    Mergers and Acquisition
          3.2    Market Share Analysis
          3.3    Brand Value Analysis
          3.4    Growth Share Analysis
                   3.4.1    Growth Share Matrix (by Application)
                   3.4.2    Growth Share Matrix (by Surgical Applications)
                   3.4.3    Growth Share Matrix (by Region)
          3.5    Surgical Robots Market Scenario: Established Players Vs Non-Established Players
          3.6    Industry Attractiveness
                   3.6.1    Bargaining Power of Suppliers
                   3.6.2    Bargaining Power of Buyers
                   3.6.3    Threat of New Entrants
                   3.6.4    Threat of Substitutes
                   3.6.5    Intensity of Competitive Rivalry
 
    4    Industry Insights
          4.1    Legal Requirements and Regulations
                   4.1.1    Regulations in the U.S.
                   4.1.2    Regulations in Europe
                   4.1.3    Regulations in other Countries
                   4.1.4    Consortiums, Associations, and Regulatory Bodies
 
    5    Global Healthcare Robotics Market (by Product)
          5.1    Robotic Systems
          5.2    Instruments and Accessories
          5.3    Services
 
    6    Global Healthcare Robotics Market (by Application)
          6.1    Surgical Robotics
                   6.1.1    General Surgery
                   6.1.2    Gynecology Surgery
                   6.1.3    Urology Surgery
                   6.1.4    Orthopedic Surgery
                   6.1.5    Neurological Surgery
                   6.1.6    Transoral Surgery
                   6.1.7    Others
          6.2    Radiotherapy Robotics
          6.3    Diagnostic Robotics
          6.4    Rehabilitation Robotics
                   6.4.1    Therapeutic
                   6.4.2    Assistive
                   6.4.3    Exoskeleton and Bionics
 
    7    Global Healthcare Robotics Market (by Region)
          7.1    North America
                   7.1.1    The U.S.
                   7.1.2    Canada
          7.2    Europe
                   7.2.1    Germany
                   7.2.2    France
                   7.2.3    The U.K.
                   7.2.4    Italy
                   7.2.5    Spain
                   7.2.6    Belgium
                   7.2.7    Sweden
                   7.2.8    The Netherlands
                   7.2.9    Switzerland
                   7.2.10   Rest-of-Europe
          7.3    Asia-Pacific
                   7.3.1    Japan
                   7.3.2    China
                   7.3.3    Australia
                   7.3.4    South Korea
                   7.3.5    India
                   7.3.6    Singapore
                   7.3.7    Rest-of-Asia-Pacific
           7.4    Latin America
                    7.4.1    Brazil
                    7.4.2    Mexico
                    7.4.3    Argentina
                    7.4.4    Rest-of-Latin America
           7.5    Middle East and Africa
                    7.5.1    Saudi Arabia
                    7.5.2    Israel
                    7.5.3    U.A.E
                    7.5.4    Rest-of-Middle East and Africa
 
    8    Company Profile
          8.1    Accuray Incorporated
                   8.1.1    Company Overview
                   8.1.2    Role of Accuray Incorporated in the Global Healthcare Robotics Market
                   8.1.3    Financials
                               8.1.3.1    Key Insights on the Financial Health of the Company
                   8.1.4    SWOT Analysis
          8.2    Auris Health, Inc.
                   8.2.1    Company Overview
                   8.2.2    Role of Auris Health, Inc. in Global Healthcare Robotics Market
                   8.2.3    SWOT Analysis
          8.3    Corindus Vascular Robotics, Inc.
                   8.3.1    Company Overview
                   8.3.2    Role of Corindus Vascular Robotics, Inc. in Global Healthcare Robotics Market
                   8.3.3    Financials
                               8.3.3.1    Key Insights on the Financial Health of the Company
                   8.3.4    SWOT Analysis
          8.4    Endomaster Pte Ltd.
                   8.4.1    Company Overview
                   8.4.2    Role of Endomaster Pte Ltd. in the Global Healthcare Robotics Market
                   8.4.3    SWOT Analysis
          8.5    FUJIFILM Holdings Corporation
                   8.5.1    Company Overview
                   8.5.2    Role of FUJIFILM Holdings Corporation in the Healthcare Robotics Market
                   8.5.3    Financials
                   8.5.4    Key Insights about Financial Health of the Company
                   8.5.5    SWOT Analysis
          8.6    Hocoma AG.
                   8.6.1    Company Overview
                   8.6.2    Role of Hocoma AG in the Global Healthcare Robotics Market
                   8.6.3    SWOT Analysis
          8.7    Intuitive Surgical, Inc.
                   8.7.1    Company Overview
                   8.7.2    Role of Intuitive Surgical, Inc. in the Global Healthcare Robotics Market
                   8.7.3    Financials
                               8.7.3.1    Key Insights on the Financial Health of the Company
                   8.7.4    SWOT Analysis
          8.8    Medtronic plc
                   8.8.1    Company Overview
                   8.8.2    Role of Medtronic plc in the Healthcare Robotics Market
                   8.8.3    Financials
                               8.8.3.1    Key Insights about Financial Health of the Company
                   8.8.4    SWOT Analysis
          8.9    Restorative Therapies.
                   8.9.1    Company Overview
                   8.9.2    Role of Restorative Therapies in the Global Healthcare Robotics Market
                   8.9.3    SWOT Analysis
         8.10   ReWalk Robotics Ltd.
                   8.10.1    Company Overview
                   8.10.2    Role of ReWalk Robotics Ltd. in the Global Healthcare Robotics Market
                   8.10.3    Financials
                                 8.10.3.1    Key Insights on the Financial Health of the Company
                   8.10.4    SWOT Analysis
         8.11   Smith & Nephew plc
                   8.11.1    Company Overview
                   8.11.2    Role of Smith & Nephew plc in the Global Healthcare Robotics Market
                   8.11.3    Financials
                                 8.11.3.1    Key Insights on the Financial Health of the Company
                   8.11.4    SWOT Analysis
         8.12   Stereotaxis, Inc.
                   8.12.1    Company Overview
                   8.12.2    Role of Stereotaxis, Inc. in the Global Healthcare Robotics Market
                   8.12.3    Financials
                                 8.12.3.1    Key Insights on the Financial Health of the Company
                   8.12.4    SWOT Analysis
         8.13   Stryker Corporation
                   8.13.1    Company Overview
                   8.13.2    Role of Stryker Corporation in Global Healthcare Robotics Market
                   8.13.3    Financials
                                 8.13.3.1    Key Insights on the Financial Health of the Company
                   8.13.4    SWOT Analysis
         8.14   Think Surgical, Inc.
                    8.14.1    Company Overview
                    8.14.2    Role of Think Surgical, Inc. in the Global Healthcare Robotics Market
                    8.14.3    SWOT Analysis
          8.15   Tyromotion GmbH.
                    8.15.1    Company Overview
                    8.15.2    Role of Tyromotion GmbH in the Global Healthcare Robotics Market
                    8.15.3    SWOT Analysis
          8.16   Zimmer Biomet Holdings, Inc.
                    8.16.1    Company Overview
                    8.16.2    Role of Zimmer Biomet Holdings, Inc. in the Global Healthcare Robotics Market
                    8.16.3    Financials
                                  8.16.3.1    Key Insights on the Financial Health of the Company
                    8.16.4    SWOT Analysis
 
    9    Research Scope and Methodology
          9.1    Report Scope
          9.2    Global Healthcare Robotics Market: Research Methodology

 

List of Tables

Table 1:    Deaths Incurred Due to Medical Adverse Events, 2016 and 2017
Table 2.1:    Market Drivers
Table 2.2:    Market Restrains
Table 4.1:    List of Association/Consortium/Regulatory Bodies with Year of Establishment, and Region

List of Figures

Figure 1:    The U.S.: Percentage of Payment Due to Type of Malpractice Allegation, 2017
Figure 2:    Severity of Outcome: Adverse Events of Medical Treatment in the U.S., 2017
Figure 3:    Global Incidence of Adverse Events Due to Medical Treatment, 2010-2017
Figure 4:    Impact Analysis of Market Drivers and Market Restraints, 2018-2023
Figure 5:    Share of Key Developments and Strategies, January 2014-November 2018
Figure 6:    Market Statistics
Figure 7:    Global Healthcare Robotics Market, 2017-2023
Figure 8:    Global Healthcare Robotics Market (by Application), 2017-2023
Figure 9:    Global Healthcare Robotics Market (by Region), 2017-2023
Figure 1.1:    Different Types of Healthcare Robotic Systems
Figure 1.2:    Evolution of Surgical Robotic Technology
Figure 1.3:    Evolution of Rehabilitation Robots
Figure 3.1:    Competitive Landscape
Figure 3.2:    Share of Key Developments and Strategies, January 2014-November 2018
Figure 3.3:    Approvals, Grants, and Certification Share (by Company), January 2014-November 2018
Figure 3.4:    Awards, Recognitions, and Others Share (by Company),  January 2014-November 2018
Figure 3.5:    Collaborations, Agreement, Joint Ventures, and Partnership Share (by Companies), January 2014-November 2018
Figure 3.6:    Product Launch and Enhancements Share (by Companies), January 2014-November 2018
Figure 3.7:    Mergers and Acquisitions Share (by Companies), January 2014-November 2018
Figure 3.8:    Market Share Analysis: Global Healthcare Robotics Market, 2017
Figure 3.9:    Market Share Analysis: Global Healthcare Robotics Market, 2016
Figure 3.10:    Brand Value Analysis for Global Healthcare Robotics Market (by Company), 2018-2023
Figure 3.11:    Growth Share Matrix for Global Healthcare Robotics Market (by Type), 2018-2023
Figure 3.12:    Growth Share Matrix for Global Healthcare Robotics Market (by Surgical Robotics), 2017-2023
Figure 3.13:    Growth Share Matrix for Global Healthcare Robotics Market (by Region),  2017-2023
Figure 3.14:    Current Business Models in Use: Established Surgical Robotics Players
Figure 3.15:    Current Business Models in Use: Emerging Surgical Robotics Players
Figure 3.16:    Porter’s Five Force Analysis
Figure 3.17:    Bargaining Power of Suppliers: Overall Impact
Figure 3.18:    Bargaining Power of Buyers: Overall Impact
Figure 3.19:    Threat of New Entrants: Overall Impact
Figure 3.20:    Threat of Substitutes: Overall Impact
Figure 3.21:    Intensity of Competitive Rivalry: Overall Impact
Figure 5.1:    Global Healthcare Robotics Market (by Product)
Figure 5.2:    Global Healthcare Robotics Market (by Product), 2017-2023
Figure 5.3:    Global Healthcare Robotic Systems (by Robotic Systems), 2017-2023
Figure 5.4:    Global Healthcare Robotics Market (by Instruments and Accessories), 2017-2023
Figure 5.5:    Global Healthcare Robotics Market (by Service), 2017-2023
Figure 6.1:    Global Healthcare Robotics Market (by Application), 2017-2023
Figure 6.2:    Global Surgical Robotics Market Share (by Company), 2016 and 2017
Figure 6.3:    Global Healthcare Robotics Market (by Surgical Robotics), 2017-2023
Figure 6.4:    Global Healthcare Robotics Market (by Surgical Application)
Figure 6.5:    Global Healthcare Robotics Market (by Surgical Application), 2017-2023
Figure 6.6:    Global Healthcare Robotics Market (by General Surgery), 2017-2023
Figure 6.7:    Global Healthcare Robotics Market (by Gynecology Surgery), 2017-2023
Figure 6.8:    Global Healthcare Robotics Market (by Urology Surgery), 2017-2023
Figure 6.9:    Global Healthcare Robotics Market (by Orthopaedic Surgery), 2017-2023
Figure 6.10:    Global Healthcare Robotics Market (by Neurological Surgery), 2017-2023
Figure 6.11:    Global Healthcare Robotics Market (by Transoral Surgery), 2017-2023
Figure 6.12:    Global Healthcare Robotics Market (by Others), 2017-2023
Figure 6.13:    Healthcare Robotics Market (by Radiotherapy Robotics), 2017-2023
Figure 6.14:    Global Healthcare Robotics Market (by Diagnostic Robotics), 2017-2023
Figure 6.15:    Global Rehabilitation Robotics Market Share (by Company), 2016 and 2017
Figure 6.16:    Healthcare Robotics Market (by Rehabilitation Robotics), 2017-2023
Figure 6.17:    Global Healthcare Robotics Market (by Rehabilitation Application)
Figure 6.18:    Global Healthcare Robotics Market (by Rehabilitation Application), 2017-2023
Figure 6.19:    Rehabilitation Robotics Market (by Therapeutic), 2017-2023
Figure 6.20:    Global Rehabilitation Robotics Market (by Assistive), 2017-2023
Figure 6.21:    Global Rehabilitation Robotics Market (by Exoskeleton and Bionics), 2017-2023
Figure 7.1:    Global Healthcare Robotics Market Scenario, 2017 and 2023
Figure 7.2:    Global Healthcare Robotics Market Share (by Region), 2017 and 2023
Figure 7.3:    North America: Healthcare Robotics Market, (2017-2023)
Figure 7.4:    North America: Market Dynamics
Figure 7.5:    North America: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.6:    The U.S.: Healthcare Robotics Market, 2017-2023
Figure 7.7:    Canada: Healthcare Robotics Market, 2017-2023
Figure 7.8:    Europe: Healthcare Robotics Market, (2017-2023)
Figure 7.9:    Europe: Market Dynamics
Figure 7.10:    Europe: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.11:    Germany: Healthcare Robotics Market, 2017-2023
Figure 7.12:    France: Healthcare Robotics Market, 2017-2023
Figure 7.13:    The U.K.: Healthcare Robotics Market, 2017-2023
Figure 7.14:    Italy: Healthcare Robotics Market, 2017-2023
Figure 7.15:    Spain: Healthcare Robotics Market, 2017-2023
Figure 7.16:    Belgium: Healthcare Robotics Market, 2017-2023
Figure 7.17:    Sweden: Healthcare Robotics Market, 2017-2023
Figure 7.18:    The Netherlands: Healthcare Robotics Market, 2017-2023
Figure 7.19:    Switzerland: Healthcare Robotics Market, 2017-2023
Figure 7.20:    Rest-of-Europe: Healthcare Robotics Market, 2017-2023
Figure 7.21:    Asia-Pacific: Healthcare Robotics Market, 2017-2023
Figure 7.22:    Asia-Pacific: Market Dynamics
Figure 7.23:    Asia-Pacific: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.24:    Japan: Healthcare Robotics Market, 2017-2023
Figure 7.25:    China: Healthcare Robotics Market, 2017-2023
Figure 7.26:    Australia: Healthcare Robotics Market, 2017-2023
Figure 7.27:    South Korea: Healthcare Robotics Market, 2017-2023
Figure 7.28:    India: Healthcare Robotics Market, 2017-2023
Figure 7.29:    Singapore: Healthcare Robotics Market, 2017-2023
Figure 7.30:    Rest-of-Asia-Pacific-: Healthcare Robotics Market, 2017-2023
Figure 7.31:    Latin America: Healthcare Robotics Market, (2017-2023)
Figure 7.32:    Latin America: Market Dynamics
Figure 7.33:    Latin America: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.34:    Brazil: Healthcare Robotics Market, 2017-2023
Figure 7.35:    Mexico: Healthcare Robotics Market, 2017-2023
Figure 7.36:    Argentina: Healthcare Robotics Market, 2017-2023
Figure 7.37:    Rest-of-Latin America: Healthcare Robotics Market, 2017-2023
Figure 7.38:    Middle East and Africa: Healthcare Robotics Market, (2017-2023)
Figure 7.39:    Middle East and Africa: Market Dynamics
Figure 7.40:    Middle East and Africa: Healthcare Robotics Market (by Country), 2017 and 2023
Figure 7.41:    Saudi Arabia: Healthcare Robotics Market, 2017-2023
Figure 7.42:    Israel: Healthcare Robotics Market, 2017-2023
Figure 7.43:    U.A.E: Healthcare Robotics Market, 2017-2023
Figure 7.44:    Rest-of-Middle East and Africa: Healthcare Robotics Market, 2017-2023
Figure 8.1:    Shares of Key Company Profiles
Figure.8.2:    Accuray Incorporated: Product Offerings for Global Healthcare Robotics Market
Figure 8.3:    Accuray Incorporated: Overall Financials, 2016-2018
Figure 8.4:    Accuray Incorporated: Net Revenue (by Region), 2016-2018
Figure.8.5:    Accuray Incorporated: R& D Expense, 2016-2018
Figure 8.6:    Auris Health, Inc.: Product Offerings for Global Healthcare Robotics Market
Figure.8.7:    Corindus Vascular Robotics, Inc.: Product Offerings for Global Healthcare Robotics Market
Figure.8.8:    Corindus Vascular Robotics, Inc.: Overall Financials, 2015-2017
Figure.8.9:    Corindus Vascular Robotics, Inc.: Net Revenue (by Region), 2015-2017
Figure.8.10:   Corindus Vascular Robotics, Inc.: R& D Expense, 2015-2017    
Figure.8.11:   Endomaster Pte Ltd.: Product Offerings for Global Healthcare Robotics Market    
Figure 8.12:   FUJIFILM Holdings Corporation: Overall Product Portfolio    
Figure 8.13:   FUJIFILM Holdings Corporation: Overall Financials, 2015-2017    
Figure 8.14:   FUJIFILM Holdings Corporation: Revenue (by Segment), 2015-2017    
Figure 8.15:   FUJIFILM Holdings Corporation: Revenue (by Region), 2015-2017    
Figure 8.16:   FUJIFILM Holdings Corporation: R&D Expenditure, 2015-2017    
Figure 8.17:   FUJIFILM Holdings Corporation: SWOT Analysis    
Figure.8.18:   Hocoma AG.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.19:   Intuitive Surgical, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.20:   Intuitive Surgical, Inc.: Overall Financials, 2015-2017    
Figure.8.21:   Intuitive Surgical, Inc.: Net Revenue (by Region), 2015-2017    
Figure.8.22:   Intuitive Surgical, Inc.: R& D Expense, 2015-2017    
Figure.8.23:   Medtronic plc: Product Portfolio for Healthcare Robotics Market    
Figure.8.24:   Medtronic plc: Overall Financials, 2016-2018    
Figure 8.25:   Medtronic plc: Revenue (by Segment), 2016-2018    
Figure 8.26:   Medtronic plc: Revenue (by Region), 2016-2018    
Figure.8.27:   Medtronic plc: R&D Expenditure    
Figure.8.28:   Medtronic plc: SWOT Analysis    
Figure.8.29:   Restorative Therapies: Product Offerings for Global Healthcare Robotics Market    
Figure.8.30:   ReWalk Robotics Ltd.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.31:   ReWalk Robotics Ltd..: Overall Financials, 2015-2017    
Figure.8.32:   ReWalk Robotics Ltd.: Net Revenue (by Region), 2015-2017    
Figure.8.33:   ReWalk Robotics Ltd.: R& D Expense, 2015-2017    
Figure.8.34:   Smith & Nephew plc: Product Offerings for Global Healthcare Robotics Market    
Figure.8.35:   Smith & Nephew plc: Overall Financials, 2015-2017    
Figure.8.36:   Smiths & Nephew plc: Net Revenue (by Business Segment), 2015-2017    
Figure.8.37:   Smiths & Nephew plc: Net Revenue (by Region), 2015-2017    
Figure.8.38:   Smith & Nephew plc: R& D Expense, 2015-2017    
Figure.8.39:   Stereotaxis, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.40:   Stereotaxis, Inc.: Overall Financials, 2015-2017    
Figure.8.41:   Stereotaxis, Inc.: Net Revenue (by Region), 2015-2017    
Figure.8.42:   Stereotaxis, Inc.: R& D Expense, 2015-2017    
Figure.8.43:   Stryker Corporation: Product Offerings for Global Healthcare Robotics Market    
Figure.8.44:   Stryker Corporation: Overall Financials, 2015-2017    
Figure.8.45:   Stryker Corporation: Net Revenue (by Business Segment), 2015-2017    
Figure.8.46:   Stryker Corporation: Net Revenue (by Region), 2015-2017    
Figure.8.47:   Stryker Corporation: R& D Expense, 2015-2017    
Figure.8.48:   Think Surgical, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.49:   Tyromotion GmbH: Product Offerings for Global Healthcare Robotics Market    
Figure.8.50:   Zimmer Biomet Holdings, Inc.: Product Offerings for Global Healthcare Robotics Market    
Figure.8.51:   Zimmer Biomet Holdings, Inc.: Overall Financials, 2015-2017    
Figure.8.52:   Zimmer Biomet Holdings, Inc.: Net Revenue (by Business Segment), 2015-2017    
Figure.8.53:   Zimmer Biomet Holdings, Inc.: Net Revenue (by Region), 2015-2017    
Figure.8.54:   Zimmer Biomet Holdings, Inc.: R& D Expense, 2015-2017    
Figure 9.1:    Global Healthcare Robotics Segmentation
Figure 9.2:    Global Healthcare Robotics Market Research Methodology
Figure 9.3:    Primary Research
Figure 9.4:    Secondary Research
Figure 9.5:    Data Triangulation
Figure 9.6:    Bottom-up Approach (Segment-wise Analysis)
Figure 9.7:    Top-down Approach (Segment-wise Analysis)
Figure 9.8:    Assumptions and Limitations
Figure 9.9:    Considered Factors for Data Prediction and Modelling

Medical errors or adverse effects due to medical treatments are the third leading cause of death in the U.S.  Given the fact that in the year 2017, the payouts for medical malpractices in the U.S., was valued $3.9 billion. Further, the chief medical procedures such as diagnosis and surgery were noticed to witness the high number of instances for medical errors. In the year 2017, the medical payouts for medical errors pertaining to diagnosis and surgery together were attributed to 58% of total medical payouts in the U.S.  Global incidence of adverse effects due to medical treatments was 34.9 million in the year 2017. The annual incidence of adverse effect due to medical treatment witnessed a compound annual growth of 3.46% from the year 2010 to 2017. Acknowledging the alarming growth trend in the incidence of medical errors, several international organizations such as World Health Organization (WHO) and prominent regulatory bodies such as Food and Drug Administration (FDA) rolled-out stringent regulations and a comprehensive set of guidelines for ensuring patient safety and treatment efficiency. However, despite the strenuous efforts of several governmental bodies, the distressing trend of incidence of medical errors haven’t been controlled to the expected levels. The current scenario signifies the requirement of the automated system to assist physicians in complicated medical procedures such as diagnosis, surgery, and monitoring, among others.

The technological advancements in the field of mechatronics, sensor technologies, simulation methodologies, and advanced materials have resulted in the development of robotic systems to aid physicians in complex medical procedures such as surgery, diagnosis, and treatment. The advent of robotic systems and massive-scale incorporation by physicians are perceived to be driving the paradigm shift in the healthcare industry.  Enabling physicians to precisely control the outcomes of the medical procedure, the incorporation of robotics systems is acknowledged to be a promising approach to reduce the startling incidence of medical errors globally. The colossal success of surgical robotics systems has significantly expanded the scope of application of automated systems in several other medical procedures such as diagnosis, treatment, rehabilitation, and patient assistance, among others.

The purpose of the study is to gain a holistic view of the global healthcare robotics market in terms of various factors influencing it such as recent trends and technological advancements of the market. The scope of this report is centered upon conducting a detailed study of the devices allied with the healthcare robotics market including both commercialized products as well as products that are in the pipeline. The global healthcare robotics market is segmented into three different parts: product type, application, and region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub-segments to ease the market estimation.

The global healthcare robotics market was estimated at $5.40 billion in 2017 and is anticipated to reach $11.44 billion by 2023. Among the different healthcare robots available in the market, surgical robotics contributed to the highest market share of the global healthcare robotics market in 2017. However, rehabilitation robotics is expected to witness the highest CAGR during the forecast period between 2018 and 2023. The increased adoption of prosthetics by the patients with lost limbs attributes to the highest CAGR displayed by the rehabilitation robotics market. Based on product, instruments and accessories occupied higher market share as compared to robotics systems, whereas robotic systems demonstrated the potential to register higher growth rate than instruments and accessories.

The global healthcare robotics market is segmented by the geographical regions into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa Rest-of-the-World (RoW). The RoW regions comprises Latin America and Middle East and Africa. North America is the leading contributor to the global healthcare robotics market with a contribution of more than 65% total healthcare robotics market share in 2017. The North America market is also expected to grow at a CAGR of 11.77% in the forecast period 2018-2023. The global healthcare robotics market is majorly dominated by the U.S. and the European players. However, several emerging countries of Asia-Pacific and Latin America displayed high potential to witness robust growth rate during the period. The U.S.-based company, Intuitive Surgical Inc. offering surgical robots contributed more than 57% of the market value in 2017.

The key players who have significant contributions to the global healthcare robotics market are Intuitive Surgical Inc., Varian Medical System, Medtronic plc, Stryker Corporation, Accuray Incorporated, Smith & Nephew plc, Restoration Robotics, ReWalk Robotics, and Mazor Robotics, among others.

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